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Elliott Wave Analysis TradingLounge Daily Chart, 27 October 23,
Ethereum/U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave 1 of Impulse
Wave Cancel invalid level:
Details: The correction is likely to end at the level of 1520. A five-wave increase supports this idea.

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: Ethereum Ethereum is rapidly increasing. After receiving support from good news Following the approval of Bitcoin Spot ETFs, we predict that Correction in wave 2 finished And a five-wave increase would support this idea.

Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 27 October 23,
Ethereum/U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave 1 of Impulse
Wave Cancel invalid level:
Details: wave 3 equal to 261.8% of wave 1 at 1860.65

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: Ethereum is rapidly increasing. After receiving support from good news Following the approval of Bitcoin Spot ETFs, we predict five Impulse Waves, with the current third wave rising at the end. Be careful of correction in the fourth wave, before rising again in the 5th wave.

Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.More By This Author:Stock Market Analysis: Elliott Wave Predicts Potential Decline In Major Indices
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